Action Toll Brothers and stitch fix stocks are moving. Well break down the trades straight ahead we start with target practice, folks. Looking into next year more firms putting out 2021 s p forecast its quite a range, citigroup 3800 three percent higher than now on the s p at the other send j. P. Morgan 4500 about 20 percent upside so folks as we gear up for next year, which camp are you in guy . Are you at the low end 3800 or closer to jpmorgan. I will tell you what im in i love Tyler Mathison. Nice to see you. Youre the man. Thanks for being here tyler. Tyler, what was that show boldly go where no man not star tr trek you a fan . I never was a fan thats okay. Nor was i chauvinism notwithstanding, for the first time in History Today Global Market exceeded 100 trillion of market cap, 115 percent of global gdp and s p 500 now about 180 percent of u. S. Gdp just ridiculous numbers. So i understand why the market is going higher, i get it, but id about in the low end of that camp, tyler.
Polls. I will ask liz peek for her thoughts and more all that and more coming up on making money. Charles so after failing to hold on to early gains the market is Building Momentum to the downside. We havent gotten into panic territory but theres a fair amount of frustration especially coming to nasdaq which continues to stumble. Well see what this is all about. When it comes to the economy, well the u. S. Consumer is in very strong position right now. The lowest disposable income ever. This powered credit schwarzenegger to the highest point ever. Wall street is looking 2021 earning to eclipse 2019 although there was stronger yearoveryear estimates when you go back to july. Back then the street was looking to 32 increase. As of this weekend a 26 increase. As for now the market continues to grapple with the inability to widen the rally as the same names move higher. When the growth names falter the entire market falters and become vulnerable. Who is iroing wolf . There still fiscal stim
Higher as well 20 points higher the nasdaq up about 100 points higher meanwhile, President Trump remaining at Walter Reed Medical Center entering his third day of treatment. He left to greet supporters from a distance inside his suv. White House Doctors say the president could return to the white house as early as today. Although others questioning conflicting comments around his health over the weekend. And all of this. Moment by moment throughout the weekend. He joins us this morning whats the latest. Good morning, andrew, we did not get a lot of clarity over the weekend. But meanwhile not providing Key Information here including when the president s last negative test was before thursday the White House Press secretary was asked about that yesterday heres what she said again, not giving a detailed read out of testing but safe to say the first positive test was upon return or at least after. The white house also initially suggested that it would provide numbers or details around how
The banking index very much under pressure. Names like bnp paribas dragging at lower. Rising case count likely to put pressure economically on europe. That is going to feed back into the Banking Sector. By 0. 4 . S up arodollar now trading with 1. 16 handle. We are down by 0. 4 . Alix as you were talking about travel restrictions and lockdown light, european leaders grappling with how to bring the virus under control. Hospitalizations are climbing following a surgeon cases. There are concerns about madrid being overwhelmed at a hospital level. Joining us is maria tadeo from brussels. Walk us through what we might see over the next 48 hours. Maria thats right. There isnt a single approach here from every european country from every european government. Every country is doing this differently. France had a record 16,000 cases. Of course, that is much higher than a neighboring country like italy or germany, which the french government keeps repeating that they dont want to go for a nation
Washington has been demanding business transparency and threatens to delist mainland companies. Protests against Police Shootings spread to the nba. Playoff games are canceled as refused toee bucks leader court. Haidi we continue to have that lackrnaut rage despite a of very meaningful headline developments on the positive side. We are getting incremental positivity when it comes to u. S. China trade as well as daily developments on the search for a Coronavirus Vaccine as well. We are seeing futures flat at the moment, lower by. 1 after both the s p and the nasdaq hitting another alltime high. Optimism being seen in the fourth straight day of record highs for u. S. Stocks. The nikkei 225 just erasing some of the earlier moves, flat at the moment when it comes to futures trading in chicago. We wait to hear from president abes press conference tomorrow. The focus being on his health and the future of auburn onyx and where dollaryen goes from here. It is holding at 105. 91 at the moment.